Dec
14

China Credit Expands Most Since March on Robust Mortgage Lending

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  • Aggregate financing rose to 1.74 trillion yuan in November
  • Credit supply remains robust even amid property market curbs

China’s broadest measure of new lending jumped the most since March, boosted by borrowing for home loans and a resurgence of shadow-banking activity.

The Details

  • Aggregate financing rose to 1.74 trillion yuan ($252 billion) in November, compared with a median estimate of 1.1 trillion yuan in a Bloomberg survey and 896.3 billion yuan the prior month
  • New yuan loans climbed to 794.6 billion yuan from 651.3 billion yuan a month earlier, boosted by home loans
  • The broad M2 money supply increased 11.4 percent from a year earlier after climbing 11.6 percent the prior month…

China Credit Expands Most Since March on Robust Mortgage Lending

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